Oklahoma no longer among lowest gas prices, AAA says

Staff Writer

Oklahoma is no longer among the nation's lowest for gasoline prices, according to AAA Oklahoma.

Although nationwide prices have fallen for 27 of the past 31 days, AAA said Oklahoma's statewide average has been stuck between $2.08 to $2.16 for three weeks.

“Since mid-summer, there have been ten or more states with lower gasoline price averages than Oklahoma,” said Chuck Mai, spokesman for AAA Oklahoma. “Today, there are ten, including some surprises such as Virginia at $2.03 per gallon. Historically, Oklahoma’s price average has been among the nation’s cheapest."

Four states have posted prices below $2 a gallon on Tuesday: South Carolina at $1.96, Mississippi and New Jersey at $1.97 and Alabama at $1.98. Motorists in Alaska are paying the highest at $3.02 average a gallon, followed by California at $2.98, Nevada at $2.93, Hawaii at $2.88 and Utah at $2.69.

“As the fall refinery maintenance season continues to ramp-up in response to the very busy summer, gasoline price declines could slow and temporarily change direction,” said Mai. “We’ve seen some startling price spikes in Oklahoma, particularly Tulsa, but the market’s current oversupply is expected to keep prices relatively low.

Nationwide, Fuel Gage Report said the national average Tuesday was $2.29 per gallon. AAA said the national price is a penny more than a week ago, three cents below the two weeks ago price and 20 cents lower than the average a month ago. AAA said the national average is $1.05 less it was a year ago.

"As the fall refinery maintenance season continues to ramp-up in response to the very busy summer, gasoline price declines could slow and temporarily change direction,” said Mai. “We’ve seen some startling price spikes in Oklahoma, particularly Tulsa, but the market’s current oversupply is expected to keep prices relatively low.”

AAA said West Texas Intermediate crude oil closed out earlier the formal trading session on the NYMEX down $1.27, settling at $44.43 per barrel earlier this week. AAA said the last time WTI closed above $50 was on July 21.

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